#section 143(3)
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Section 148 Notice Served on 01-04-2021 Invalid; Re-opening Quashed for Non-Compliance with 148A

Crypto Loan Interest = Cost of Acquisition; Deduction Allowed Despite Section 115BBH

Bombay HC Quashed Assessment for Denial of Video Hearing Under Faceless Scheme

Third-Party DD Payment Explains Investment; U/s 69 Addition Deleted

Scrutiny Valid Despite Section 12A Rejection; Merits Restored Pending Registration Outcome

Vague Penalty Notice Invalidates Search Penalty Under Section 271AAB: ITAT Ranchi

Section 145(3) Upheld, but Arbitrary Estimation Curbed; Cold Storage Profit Recomputed Rationally

Wrong AY = No U/s 69A Addition; Seized Cash Taxable Only in Year of Seizure

Telescoping Allowed; Cash Found Explained from Firm’s Surrendered Income

145(3) Upheld but 1% NP Excessive; Beer Trader’s Margin Rationalised to 0.50%

Unsigned Agreement = No Incriminating Material; ALV Addition in 153A Unsustainable

Bhandara Expenses = Relief of Poor & Valid Application of Income: ITAT Agra

ITAT Mumbai Allows 80IC Depreciation; Bogus Purchases Addition Restricted to 12%

Interest on Unutilised Government Grants Exempt: ITAT Ahmedabad
Explore the latest section 143(3) updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
